Connecticut Children's

Nonprofit profile at a glance

EIN
060646755
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Hartford, CT, United States
Phone
860.545.9000
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, Specialty

Official website

Reported finances

Revenue
$639,591,217
Expenses
$609,949,712
Assets
$1,036,125,287
Liabilities
$435,952,590

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • JAMES E SHMERLINGDHAFACHE (Director - President/CEO)

Highest reported compensation

  • JAMES E SHMERLINGDHAFACHE (Director - President/CEO): $2,052,851 total reported compensation
  • Juan C Salazar MD MPH (EVP/ACAD AFF/PHYS-IN-CHIEF): $1,272,545 total reported compensation
  • Christine M Finck MDFACS (EVP Surgeon-In-Chief): $1,265,257 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Connecticut Children’s is dedicated to improving the physical and emotional health of children through family-centered care, research, education and advocacy. Families, we know your kids take comfort in kindness. They look for it, and so do we. It fuels us, supports us, and helps us continue to go beyond imagination to care for all of you. That’s why, at Connecticut Children’s, we live by the **Golden Rule: do unto others as you would have them do unto you. As Connecticut’s only health system 100% dedicated to kids, we strive to create an environment where we all feel respected, a sense of belonging, and empowered to be the best we can be in service to our mission and each other. We stand with health systems across Connecticut and the Connecticut Hospital Association: View the Connecticut Hospital Association statewide Kindness Code of Conduct.

What it reported doing in 2024

Expenses incurred to provide acute care inpatient and outpatient services to children from Connecticut and the surrounding area. Please refer to schedule o for the organization's community benefit statement.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 73
  • Accountability: 92
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.4%; rating input score 68
  • Program expense ratio: 71.5%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 90.8%; rating input score 91; 23rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 87%; rating input score 87; 34th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.6%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.7; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 7.1% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 67th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 68.4% of revenue deployed · 71.5% of spending went to programs
  • Governance: 20 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $436.4M in reported program spending
  • Leadership: top reported pay $2.1M · 41 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $205.6M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 21 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.